DA Davidson Reiterates Neutral Rating for Sally Beauty (NYSE:SBH)

Sally Beauty (NYSE:SBH)‘s stock had its “neutral” rating reiterated by analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $12.00 price objective on the specialty retailer’s stock. DA Davidson’s price objective would suggest a potential upside of 9.69% from the company’s current price.

Other analysts also recently issued reports about the stock. Piper Sandler dropped their price target on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Friday. Finally, TD Cowen lowered their target price on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Sally Beauty Stock Up 3.0 %

Shares of NYSE SBH traded up $0.32 on Tuesday, hitting $10.94. The company had a trading volume of 505,352 shares, compared to its average volume of 1,410,170. The company has a quick ratio of 0.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.78. Sally Beauty has a 12-month low of $7.21 and a 12-month high of $13.91. The business has a 50 day moving average of $10.85 and a two-hundred day moving average of $11.48. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.45 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The firm had revenue of $942.30 million for the quarter, compared to analysts’ expectations of $931.77 million. During the same period in the prior year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Sally Beauty will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Sally Beauty

Hedge funds have recently modified their holdings of the company. CWM LLC lifted its stake in Sally Beauty by 107.9% in the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 1,401 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Sally Beauty by 168.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after acquiring an additional 2,829 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Sally Beauty in the first quarter valued at about $64,000. Quest Partners LLC boosted its holdings in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 7,243 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Sally Beauty in the 2nd quarter valued at $117,000.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.